Service Charge Accountant

Osborn Executive Recruitment Ltd; Greater London; On-site; GBP 40,000 - 50,000; Full time

Job summary

A property management company in Greater London is seeking a Service Charge Accountant to join its finance team. The position requires strong skills in service charge accounting, financial reporting, and client communication. Responsibilities include providing financial data to property managers, producing reports, and ensuring accuracy in service charge budgets. The company offers an excellent benefits package, including study support for ACCA/CIMA. Candidates must demonstrate relevant experience in a service charge or property accounting environment.

Benefits

ACCA/CIMA study package

Excellent benefits package

Qualifications

• Experience in service charge or property accounting.
• Strong understanding of year-end accounts, budgets, and cashflows.
• Ability to analyze accounting issues.

Responsibilities

• Provide financial information to property managers.
• Deal with client queries regarding accounts.
• Produce periodic reports for clients.

Skills

Service charge accounting experience

Client communication

Financial analysis

Knowledge of budgeting

Tools

Propman

Job description

Service Charge Accountant

London

£40,000 - £50,000

Our client, a Residential Managing Agent, is seeking a Service Charge Accountant to join its Central Finance team.

Duties

• To provide property managers with financial information within a reasonable timeframe
• To deal with day-to-day queries from clients and Property Managers.
• Producing periodic reporting to Clients / Property Managers
• Responsible for producing variance analysis reports - actual vs budgets.
• Ensure service charge budgets are entered into the system accurately and within a timely manner
• Processing Service Charge invoices when required
• Oversight of regular bank reconciliation process
• Assist the Property manager in financial interpretation and analysis
• Prepare service charge accounts summaries and associated schedules for auditors
• Work with and assist auditors when required
• Completing the annual service charge accounts for properties under management and issuing balancing charges/credits
• Responsible for preparing dormant statutory accounts
• Preparing monthly management accounts and budget reports
• Process agreed instructions such as adjustments to Accounts
• Uploading new buildings on the system, reconciling financial records received on handover and assuring handover has been finalised
• Controlling the accounts payable and receivable processes, liaising with the management team on outstanding debtors and creditors

Requirements

• Previous experience of working in a service charge or property accounting environment
• Strong knowledge of year-end accounts, budgets, cashflows and leases
• Experience working with client accounting software, ideally Propman
• Strong knowledge and understanding of the Landlord and Tenant Acts and relevant guidelines to producing service charge accounts.
• Ability to analyse and investigate accounting issues
• Strong communication skills, able to liaise with non-financial client base and work colleagues

Why should you work for this company?

• An opportunity to work in asmall to mid-sized property management company working closely with the Head of Finance
• Opportunity to potentially work across commercial service charges in future
• Excellent benefits package including ACCA/CIMA study package

Interview process

• Two stage process
• 1st stage on Teams/Zoom
• 2nd stage held face to face in the office

If you would like further information on this opportunity please apply online with your updated CV or contact Holly Osborn 07393 126240 or Alec Mackenzie 07767 661896